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5090 US Route 90, Marianna,...

Bryon Fields Acquires Marianna Multifamily For $6M With Brokers Johnny Blue Craig & Austin McLeod
SOLDMultiFamily

Bryon Fields Acquires Marianna Multifamily For $6M With Brokers Johnny Blue Craig & Austin McLeod

5090 US Route 90, Marianna, Florida 32446, United States

$6,000,000

$5/SF

Building Size

1,054,588 SF

Asset Type

MultiFamily

Closing

Jun 1, 2022

AI

The multifamily property located at 5090 US Hwy 90 E in Marianna has been sold for a total of $6,000,000. The transaction took place on 06/02/2022. The property consists of 100 units and spans a total square footage of 1,054,588. The purchase price per unit was $60,000, while the price per square foot was $6.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $6,000,000
  • Date: 06/02/2022
  • Address: 5090 US Hwy 90 E
  • Market: Marianna
  • Buyer: Bryon Fields
  • Seller: Nicol Johnson
  • Brokers: Johnny Blue Craig & Austin McLeod - Matthews Real Estate Investment Services
  • Units: 100
  • Price per Unit: $60,000
  • Total Square Footage: 1,054,588
  • Price per Square Foot: $6

The deal was facilitated by brokers Johnny Blue Craig and Austin McLeod of Matthews Real Estate Investment Services.

Players

Johnny Blue Craig, Jr

Matthews

Broker

$79M

vol

10 deals

Broker

Bryon Fields

Buyer

$21.1M

vol

2 deals

Buyer

Marianna MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93